Tracking Sensex: Top gainers, losers this week

July 5, 2013

By Aditya Kalra and Ankush Arora

Indian shares started the month of July on a flattish note, with the BSE Sensex rising 0.5 percent in the week ending July 5 after climbing more than 3 percent the previous week.

However, a weak rupee continued to dampen sentiment as the unit ended the week below 60 to the dollar, adding to concerns about India’s current account deficit.

Here are the top five Sensex gainers and losers of the week:


ITC: India’s largest cigarette maker rose 5.5 percent this week, making it the best Sensex performer, boosted by a hike in cigarette prices and value buying after its recent underperformance in June.

The company, which makes four out of every five cigarettes sold in India, raised the price of its Gold Flake Regular Filter cigarettes by 4 rupees for a pack of 10 sticks. The pack will now cost 59 rupees. The price of a pack of Gold Flake Premium Filter cigarettes was raised to 58 rupees per pack.

UBS said the price increase will not affect volumes but could push consumers to upgrade to Gold Flake Kings cigarettes as the price difference reduces.

ITC remains our top pick as: 1) it has brands that ladder across all price points; and 2) the best retail presence and distribution network to push through the micro filters,” UBS said in a report.

The stock has gained around 20 percent in 2013 and experts are optimistic. Of the 39 analysts covering the stock, 29 have a ‘buy’ or an equivalent rating, Thomson Reuters data showed.

Tata Motors: India’s largest automobile company was among the top weekly Sensex gainers, ending up 5.2 percent, despite reporting an 18 percent drop in its June domestic sales on Monday.

Having lost 5.2 percent of its value since the start of the year, Tata Motors has struggled in 2013. But 37 of 50 analysts covering the stock have a ‘buy’ or equivalent rating on the company, data shows.

“Tata Motors remains our top pick in autos over the medium term, led by continued strong volume traction at JLR over next few months,” IDBI Capital had said in a note on June 19, maintaining its ‘buy’ rating with a price target of 332 rupees.

Hindustan Unilever (HUL): Shares in HUL surged to an all-time high of 632 rupees on Friday after its parent completed its share offering. Unilever said it had acquired 67 percent in its Indian unit HUL, short of its plan to raise the stake to as much as 75 percent.

After rising by more than a quarter in the April-June period, India’s largest consumer goods maker gained 4.1 percent in the last five trading sessions.

Nomura said in a note on June 27 that volume growth is likely to remain subdued in the near term, adding that “urban consumer sentiment remains weak and should impact the company”.

GAIL: Shares in the company rose 4 percent this week, but are still down around 8.5 percent in 2013. The company said on June 28 that it expects a hit of 13 billion rupees annually on pre-tax profits after the government said gas prices will be hiked to around $8.4 per mmBtu from April 1, 2014.

However, data showed that 30 of 48 analysts covering the stock have a buy or equivalent rating on GAIL, while 14 have a ‘hold’.

Jindal Steel and Power: The week brought some relief for this battered stock with Jindal Steel and Power emerging as the fifth-best weekly performer on the Sensex with gains of 3 percent.

Media reports said the Central Bureau of Investigation (CBI) has alleged the Naveen Jindal group twisted facts to get coal blocks in 2007. In the April-June period the stock lost more than a third of its value.

However, 18 of 28 analysts covering the stock have a ‘buy’ or equivalent rating, data showed.

LOSERS: ONGC ended as the worst Sensex performer this week with losses of 4.4 percent. Tata Steel and SBI lost around 3 percent each, while HDFC and Bajaj Auto were down around 2.5 percent.

 (You can follow Aditya on Twitter @adityayk and Ankush @ankush_patrakar)

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